Gold bugs be warned. Your party is ending with only enough time left for a last round of drinks before the fun ends as the gold price heads for a 20% fall. That’s the latest forecast from Citi, an investment bank, with another bank, UBS, adding its note of caution about the outlook for gold
In an increasingly unpredictable economic environment, investors are looking for a wider range of products to satisfy evolving strategies. Pauline McCallion reports Following a long period of historically low interest rates – in the wake of the financial crisis that began in 2007–08 and the more recent Covid-19 pandemic – central banks worldwide are beginning
Three of the largest banks in the US say one of the year’s best performing assets still has more room to run to the upside. Starting with Bank of America, head of metals research Michael Widmer says that while the precious gold may witness a short-term pullback after hitting a new record high of $3,085,
JPMorgan Chase is reportedly facing a lawsuit that alleges that the bank paid “unreasonably” low interest rates on accounts used in its cash sweep program. Illinois resident Dan Bodea alleges in the suit that the bank used the program to shortchange customers while pretending to act as their fiduciary, Reuters reported Monday (Aug. 26). JPMorgan Chase